Flores introduced his substitute proposal today and the mayor quickly countered with his own variation [PDF], which offers next to nothing in legitimate oversight. Click here for a chart that the alderman put together comparing the two proposals.

“This ordinance will ensure greater public transparency about the Olympic finances as well as provide further protection to our taxpayers,” Mayor Daley said in a prepared statement. Right.

So here's how tough things are for open government in Chicago: Mayor Daley's pushing a substitute for the substitute for the real legislation our aldermen ought to pass.

Hang tough, Manny. I guarantee you'll get votes from aldermen Scott Waguespack and Joe Moore and maybe even Roberto Maldonado—that is, if he can get his mind off his real estate holdings.